OneMain personal loans are an option for borrowers with low credit scores, as they provide some payment flexibility and loan options that can lower your interest rate.
OneMain Financial is a personal loan lender with 44 branches across the country that offers loans to applicants with bad credit.
Most states offer $1,500-$20,000 loans, but some have higher limits. The company's loan rates start at 18%.
OneMain Financial is best for people with low income and credit. OneMain Financial doesn't have hard cut-off points for credit, debt, or income when approving loans.
OneMain Financial also allows applicants to secure their loan with collateral, which can reduce the risk a low-credit applicant poses to the lender and help them qualify for a loan.
Borrowings. Most states have $1,500-$20,000. Alabama ($2,100), California ($3,000), Georgia ($3,100), North Dakota ($2,000), Ohio ($2,000),
APR. 18.00% to 35.99%. The better your credit, income, and overall financial situation, the lower your APR will be.
OneMain Financial is unique among personal loan lenders in that it has a nationwide network of physical branch locations.
89% of people live within 25 miles of a branch, according to the company. If you prefer doing business in person, you might enjoy this.
OneMain Financial provides a basic app for managing your account, including looking up payment details, making payments, and checking your VantageScore.
A variety of factors influence whether or not a personal loan application is approved or denied. Every lender has their own set of underwriting requirements.
We confirmed with a OneMain Financial representative that there are no set requirements you must meet in order to qualify for a loan.